Karachi: The Board of Directors of DH Partners Limited convened on February 26, 2025, to approve the audited financial statements for the fiscal year ending December 31, 2024. This meeting was held in hybrid format at Dawood Centre, M.T. Khan Road, Karachi, and via Zoom audio/videoconferencing, as disclosed by the company.

According to the financial disclosure, a significant restructuring took place under Article 7 of the Scheme of Arrangement, which was approved by shareholders in June 2024 and became effective on January 1, 2025. This restructuring involved the transfer of assets and liabilities from Engro Holdings Limited, formerly Dawood Hercules Corporation Limited, to DH Partners Limited. Assets excluding shares of Engro Corporation Limited, valued at PKR 16.94 billion, and liabilities amounting to PKR 6.88 billion were transferred during this process.

According to information available from the Pakistan Stock Exchange (PSX), DH Partners Limited reported a total asset value of PKR 994,000 and an equity deficit of PKR 1.84 million for the year ended December 31, 2024. The liabilities, categorized as current liability, amounted to PKR 2.84 million, payable to Engro Holdings Limited.

The company's annual general meeting is scheduled for April 21, 2025, in Islamabad, with share transfer books closing from April 15 to April 21, 2025. Transfers received by the close of business on April 14, 2025, at CDC Share Registrar Services Limited, Karachi, will be eligible for attendance and voting.

The annual report will be transmitted via PUCARS at least 21 days before the annual general meeting, in compliance with regulatory requirements.